Professional Documents
Culture Documents
(2) Every trade practice in restraint of trade is not necessarily a restrictive trade practice.
(3) Lay off and retrenchment cans not the same meaning.
(8) Acceptance for honour can be made only when the instruments becomes Dishonored
by non acceptance or by non payment.
(9) Matters provided in first schedule, second schedule and third schedule of pay ment
of Bonus Act.
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Q3) a. What are the remedies available to a worker who has paid less than the minimum
rates of wages? State the procedure for determination of dispute. 4
(b) Who is occupier of a factory under Factories act? When can he be exempted from
liability. 4
(ii) When there is a Statutory Audit, introduction of Internal Audit is not necessary at all.
(iii) Auditing is generally associated with only accounting and financial records.
(iv). Only the vouching to ascertain the arithmetical accuracy is not enough
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(vi)Detection of frauds is the duty of the Statutory Auditor and not necessarily that of an
internal auditor.
Q2) What is audit evidence? Explain the different types of audit evidence and different
methods of obtaining them. 16
Q3) What do you mean by CARO? Explain what is expected under the CARO regarding
(a) Inventory
(b) Internal Audit
(c) Internal Control
(d) Deposit of Statutory Dues.
(e) Frauds 16
(c) A person disqualified for any reason to be a Co. Auditor is also disqualified to be an
auditor of which companies?
(h) To whom the auditor performs his duty of signing an Audit Report?
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